THE RISE IN WOOL.

New Zealand Times, Volume LVII, Issue 2575, 30 July 1895, Page 2

THE RISE IN WOOL.

GOOD NEWS FOE NEW ZEALAND GEOWEES.

By Telegraph,—Press Association, — Copyright. London, July 28. The total quantity of wool catalogued up tq the end of the week was 345,200 bales, of yhiofc 327,200) t>a}es wpre sold. The bidding 1 yesterday yqs spirited,; Tlje catalogue com-, prised good selections, apd prices yen very; firm. American ■ buyers' made heavy, purchases, , I ■' ’ '' ', . ; 1

: Melbotip.se, July 2ij. 1 Tho Uondon correspondent of the Argifs, writing under date 21st June in regard to the ooming wool sales, says?—Now Zealand is heavily represented, and so far as the prospeots can be gauged the clip has arrived most opportunely. Growers will find a strong rising market for the coarser grades. It is evident that bright-haired wools have entered upon a new lease of life, and there seems every probability of the decline in values being recovered. New Zealand growers Jmay congratulate themselves on their good luck, for until a week ago people expected that the heavy arrivals would have the effect of weakening the values of tho New Zealand crossbreds so largely offering. The Now Zealand wools for the coming series have naturally excited some comment as to the quantities sold lopally compared with the amount sold in London. 4® the Iqcal auctions'in New Zealand, as is well known, are small compared withthoseof Victoria and Ifew’South Males, there is a strong feeling among tho buyers and large consumers here that if sou) 0 steps could be taken to centralise the mar, ket in lf o w Zealand, and so make the business more easily workable, largely increased support would be m°re readily given, and a success similar to that experienced in Sydney and Melbourne might bo expected. If one large central market in the North and one in the South Inland could be os, tablished, au impetus would be given and UU inducement held out to buyers that would prove effectual to the worth of the local market. Sydney, July 29. The rise in wool in London is affecting the local market. Two lots have been placed at Is XJd and Is 2d respectively. The latter is the record price for the current year, and Id per lb above the top quotation realised at the last auction sales either in Sydney or Melbourne.